• Access
to $10,000 immediate emergency funding at a special
discounted rate of 6% to assist clients who have dire needs
regarding personal welfare.

• A temporary (six month)
overdraft of up to $100,000 at a special discounted rate of
6%

• No application fee.

Additional funds are
available if required through normal approval
channels.

The package is available from today to provide
much needed relief from the financial pressure caused by the
unusually stormy conditions experienced in Northland.

BNZ
Northland managing partner, Sam Johnson says that unexpected
extreme weather conditions coming at a critical time of the
farming year, place significant short-term financial
pressure on farmers and their families.

Right now
Northland farmers need fast access to funds. They’re under
enormous pressure due to the loss of income as a result of
losses from the storms compounded with unexpected costs for
additional feed as well as pasture and crop regeneration,
which means cash flow is a significant issue.

“We want
to offer some financial relief to allow farmers the time
they need to make the right business decisions, protect
livestock and look after themselves and their families,”
says Mr Johnson.

Mr Johnson also urged any farmers worried
about cash flow to speak to their accountant or bank as soon
as possible.

“Short term cash flow issues are generally
easily addressed, but it is important to tackle them early
before the problems get bigger,” he says.

The relief
package is open to BNZ agri-customers in Northland affected
by the
storms.

Bank of New Zealand (BNZ) has been a big part of New Zealand life for over 150 years since its foundation in 1861. The bank employs over 5,000 people and has more than 170 retail stores and 32 Partners business centres across the country.

Passionate about enabling a higher achieving New Zealand, BNZ works with personal, business, agri, and private wealth clients, helping them grow and make their goals a reality.

A subsidiary of the National Australia Bank Group of companies, BNZ is governed locally by a Board of Directors and strives to help New Zealanders be good with money.

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